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South African Leading Bank Nedbank Picks Gemalto for Securing Online Transactions

South African Leading Bank Nedbank Picks Gemalto for Securing Online Transactions Credit: PCC Mobile Broadband

Gemalto, the world leader in digital security, Wednesday announced that Nedbank Ltd, a leading commercial bank in South Africa, is deploying its Ezio eBanking solution​ to provide their wholesale customers a secure online transaction service. The solution enables Nedbank's users to connect a USB key, which launches a “safe zone” that permits them to securely review, approve and digitally sign all types of transactions in a protected online environment.The Ezio Corporate eBanking PKI solution requires no software installation, eliminating costly technical support while guaranteeing high user satisfaction. 

Gemalto also provides Nedbank with consulting services, device fulfilment to end users, and operates remote management of the tokens on behalf of Nedbank Ltd. 

"We have implemented and operated Gemalto's PKI solutions for over ten years, with a very high level of success in providing secure electronic banking solutions. In an effort to offer best-in-class Wholesale Banking solutions to our business customers, we have deployed Gemalto's brand new PKI solution, launched as the Plug and Transact TokenTM,  to differentiate ourselves from our competitors by offering secure solutions with enhanced client usability as well as improved tracking and business information." ​ 

-            Fred Swanepoel, Chief Information Officer of  Nedbank 

There has always been high demand from Nedbank to pioneer our eBanking solutions, with each trial resulting in a full-scale deployment. By outsourcing its entire token management system, Nedbank benefits from significant cost reduction in terms of initial investment and running expenses compared to an in-house solution."

-             Håkan Nordfjell, Senior Vice President e-Banking and e-Commerce at Gemalto 

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

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